Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1887-11-16

hem some 1850 rent money in ioslalmf nts
and did some 81 600 w5lth OF work Oh the
snot where the ship .gaa TO be iaup ched
not pound Of iron had been bought Tor the
ship and not stick Of ti.r Der hauied to the
yard.
During the summer months ShipanildeT
Connolly. the newspaper man, mt . salary OF
50 900, and Engineer Fryer, the tugboat
man, at salary OF IS 600, and his officers
who we're fortunate enough 10 get down
there, rode on the yacht which belongs to
the shipyard and talked CT buying it with
stock, taking in some other property auxili-
arg 10 the shipyard. Mesars. AGnew &
Sons said they knew nothing about MIR, Fry
er outside of his transactions with them
He had been unfortunate in not being able
to sell stock enough to begin building the
ship. The little repairing that accompany
bad done down there was performed by the
men and foreman, who were leased with the
porter visited the leading newspaper Office
in Alexandria, the GAZETTE, which had re
fused to bs subsidized, and found Tho Arrow
enterprise fraud and failure and looked
upon with suspicion and contempt by some
of the best business men in town. Newspa
per editorials had been printed from time
to time in one of the other papers. reitera
,ipg the old, old story that the ship would
be built aud launched just a5 soon as The
money was paid in. But it was evident
that no money was paid out for anything,
unless Engineer Fryer was absolutely forced
to 60 so. Debts were lying around town
unpaid. While riding up tho stately Poto.
msc in pleasure yacht, hoping TO inyeigle
the Navy Department ct Washington into
the scheme, the happy thought of buying
the big bolel at Alexandria and oousolida-
ting it with the shipbui!ding scheme oc.
Cured TO the combine, aud the largest no.
tel in .cwn WAS purchased. The Herald en-
gagged q lawyer to search the records. He
found that The hotel had been bought By
President Timothy O'Meara, of the steam
ship company, but rot cent paid on it. 1t
was on the same day mortgaged ard encum-
hered in such way that it wou!d take q
Philadelphia lawyer month to determine
which man ought 10 20 to Jail first. Like
The shipysrd enterprise, the hotel scheme
eeemed as dead es an Egyptian mummy and
blight upon the city. Alexandria is q
quiet but thrifty town. Many Washington
people ara erecting fine dwellings there.
The citizens arc hospitGble aud ready to
welcome legitimate enterprises. The Her.
AIDS representative was shown every court
esy. Bat, with one exception, he was una
bic to find q man who had bought stock in
the Pocahontas scheme. Even Messrs. Ag
pew & Son, Who had rented Fryer the yard,
had taken none of his stock and admitted
that they would not advise friends to invest
| 'Iv is not worth cent SHARE said an ex'
president of The Common Council. A state.
ment from Dir. James II. Lancaster, con.
srlting engineer throws additional light on
the crookedness Of Flyers colossal scheme.
Mr. Lancaster was made vice president of
the steamship company at the urgent re-
quest of Mr. Fryer and his fellow manipula-
tors. The letter ehows the estimation in
which 1Ir. Lancaster was held. His servi.
! ccs were considered peculiarly valuable, as
he had caused many thousand dollars worth
of stock to be sold, and was in way to in
crease the Gales OF stock 10 $500, 900. Mr..
Lancaster subsequently withdrew from the
concern, the reasons for which bis letter ex
plains. He says:
Mr.. Fryer said 10 me while was vice
president Of the company, in The latter part OF
April, 1887, while we were in the private
room of the Board CT Directors a. No. 1l5
Broadway We must pull together in this
thiug We were speaking about the affairs
| of the Arrow Steamship Company and come
TO thorough understanding. The fact is,
he said 1 have lived on this thing for about
| fifteen yours und made my living out Of it,
and there is Eo reason why you and L
shouldn't do the same. You come up and
live with me on Fifth avenue in the beat
rooms ia the house. We will bring all the
models up there and have good time. We
can get Thousands Of dollars out of this Ar
row Steamship Company scheme just as
easily as / baya made dollars cut of it by
| IL nt ba
the getting in of big ep-cepilslists who
will overhaul The thing too much. Wemust
get men into the company with from 5000
to $4,000 apiece or whatever they can put
up.
"bIake them vice presidents or chief en-.
gineers or any ID thing they want 10 be
We can afford 10 give up cur berths for q
| while. Then we can make them SICK aud
ire them out and get in new men with
more money. That is the way to Go it.
"'As to building the Poeehontas, we mast
moi think Of doing too much work on her for
fonr or fiye wears. When the ship ia built
cur game is played out. | dom: propose 20
lie; a patriotic thing like this fail through
my fingers for many u long year TO come.
You must draw the same salary as | do
50 600 yesr-and then you can mako
double that amount for expenses That is
what have done.
az have about SIT GOO or moro charged
up against the company now, for expenses
and loans and any money that has come in
for stock have put in my pocket and paid
cut Just what found vas absolutely neces-
sary to keep things going.
1.-the men / have put in as directors
have got to do asst what Tell them. What
ever we agree upon between ourselves to %
done will be confirmed al the next meet
ing of tho directors, which can be called at
any time AS have before promised, am
going to give you just half of the sleek that
hold myself; tbs rest ia my wiie's. | will
give you 5000 shares, equal now TO $4,000,
for your CO operation anu confidence in the
scheme
This threw flood Of light on the aitua
ton, and gavc the scheme new and start
ling aspect. | was sstonished. 1t was the